Midwest

The Senate on Thursday passed the long-stalled Water Resources Development Act of 2016 that would provide millions of federal dollars to Flint, Mich. and any other community facing a water crisis.

The unclear future of Detroit Public Schools state-aid backed bonds, plus governance and tax collection issues following the district's restructuring, prompted Moody's Investors Service to shift its outlook to "developing" from "negative."

The University of Illinois is preparing to refund $116 million while highlighting for investors what it describes as diverse revenues and growing enrollment that have lessened the strains of coping with the state’s budget mess.

The already junk-rated bonds of a P3 highway project in Indiana received a downgrade from another rating agency as payment disputes among contractors reached a new level.

The Chicago City Council signed off Wednesday on up to $3.5 billion of O’Hare International Airport borrowing and a new water/sewer tax to help rescue the city’s largest pension fund from looming insolvency.

Detroit Public Schools' $212 million of state aid-backed bonds slipped two to three notches further into junk territory over uncertainty tied to the bonds' security after a restructuring of the school district.

Rochester, Minn.-based Mayo Clinic returns to the market Wednesday to take advantage of low interest rates to shed some of its floating-rate exposure.

Ohio-based American Municipal Power Inc. received a one-notch upgrade from Moody’s Investors Service as it prepares to come to market with a $206 million issue that includes designated “green” bonds.

Underwriters, advisors, and lawyers working on Chicago’s bond deals must come to City Council finance committee meetings prepared to take the “hot seat” and defend their firms’ ethnic, racial, and gender diversity.

St. Louis-based Stifel Financial Corp. reached into Indiana for its latest acquisition, City Financial Corp. in a deal that bolsters Stifel’s already strong public finance foothold in the Midwest and further cements its evolution into a national player in public finance.